Daily Alpha and Summary. August 13, 2024
Defi
Crypto custodian— Copper partners with HBAR foundation to provide custody services for token, HBAR. Clients will be able to defi/validate HBAR token from Copper MPC wallet and defi platform— Copper Connect
Manta Pacific announce that they’re the first L2 to support multiple Data Availability framework by integrating with Celestia, Nuffle Labs, EigenDA, 0G, Nubit, and Dill
Aurora Labs has released a Bitcoin light client and relayer, creating a bridge between the Bitcoin network and the NEAR protocol.
ICP has integrated Threshold-Schnorr signatures, allowing projects to handle Taproot assets and connect with ed25519-based chains like Osmosis and Solana.
Metis unveil $4M annual incentive program to boost dapp development on Metis in partnership with Gitcoin etc
Coinbase tease cbBTC launch
KelpDAo releases new product Gain on mainnet, it’s vault for airdrop aggregation for major LSTs etc
Sonic labs announce Andre Conje as CTO
OlympusDAO has begun a buyback-and-burn of OHM using DSR yield from its DAI dominated $181M treasury, amounting to $83K per week.
Essential raises $11M in Series A funding led by Archetype to build first declarative blockchain. Declarative blockchains use constraints for state updates without execution, ensuring only intended state transitions occur. This addresses issues like uncertain outcomes, failed transactions, MEV, and high slippage.
Aztec devnet is live
You saw it here first, it’s now live. Obol Contributions are now live. Stake in Vaults with Obol DVs to secure ETH and earn Obol points
Safe celebrates 10M safe wallet accounts
Aave DAO is now distributing ARB rewards to GHO depositors on Arbitrum, with bi-weekly emissions to maintain deposit APR before transitioning to a longer-term distribution schedule.
State of the Market
ASIC has sued ASX Limited for allegedly misleading statements about its blockchain project to replace the Clearing House Electronic Subregister System, which was cancelled in November 2022 after design issues led to a A$250 million ($168 million) write-down. ASX now faces a potential penalty exceeding A$500 million ($330 million).
GOLDMAN SACHS holds 400M+ in BTC ETF
Japan PM Fumio Kishida to step down next month
